Subsea 7 Scores Hat-Trick with Aker BP
- Business & Finance
Subsea 7 has been awarded two new contracts from alliance partner Aker BP in the Norwegian North Sea.
The contracts are for the Skogul project and the Valhall Flank West project, valued between $50 million and $150 million.
Earlier this week, Subsea 7 also announced a contract from Aker BP between $150 million and $300 million for the Ærfugl (previously known as Snadd) gas field.
The announcement of the two new awards follows the submission of plans for development and operations for the three above mentioned fields to the Norwegian Ministry of Petroleum and Energy.
The Skogul project (previously called Storklakken) is located 220 km northwest of Stavanger. This EPCI project is a long-distance tie-back to Alvheim FPSO via Vilje South field, using pipe-in-pipe technology. Project management and engineering will start immediately with offshore operations scheduled in 2019.
The Valhall Flank West EPCI project comprises a 4 km tie-back to the Valhall Centre including an umbilical and riser system. Offshore operations will begin in 2018 with completion in 2019.
Phil Simons, vice president North Sea & Canada, said: “Our partnership with Aker BP enables Subsea 7 to engage earlier in field development, optimising design solutions and contributing to final investment decisions on marginal fields. These two contract awards demonstrate our successful way of working within the alliance partnership, providing cost effective and innovative technical solutions, along with an efficient, safe and quality focused project delivery.”